First econet

na wa for zain.

what is wrong with this network.
always sell sell



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More news,

NIGERIA TODAY ONLINE
Thursday June 10, 2009

Global bids roll in for Zain's Africa unit

The Pan-African cellular operator, Zain, has reportedly been put up for sale by its Kuwaiti parent MTC, four years after a bidding war saw MTN miss out on the chance to buy the network for itself. Kuwaiti newspaper Al Qabas said Zain’s African arm — which traded as Celtel before a grand rebranding exercise last year — may be sold for $12bn to a French company. MTC was waiting to hear from the potential buyer but would study bids from other companies if the deal fell through, the paper said, citing sources close to the deal. The unnamed French company would also buy the African operation’s debts, which would be discounted from the fee. Those debts were not quantified. Mixed signals make it difficult to assess how plausible the speculation is, and Zain would not comment yesterday. MTC paid $3,4bn for Celtel in 2005, outbidding MTN. But if it now wants to jettison its African operations, its timing is odd, as MTN would be excluded from making a fresh bid. MTN is negotiating a tie-up with Bharti in India, and the two have agreed to talk exclusively to each other until July 31. Yet if Zain Africa is on the market, MTN would be an obvious suitor, as would its rival Vodacom.

Zain operates in 23 countries in the Middle East and Africa, serving 64,7-million customers. The African operations it is reportedly trying to shed covers 16 countries and 65% of the group’s customers. However, they are not doing as well financially as its owners would like. Africa contributed only 10% of the profit in financial 2008 and in the first quarter to March its African arm suffered a net loss of $4,9m on a revenue of $917m. Yet MTC’s CEO Saad Al Barrak has not hinted at any plans to sell. Despite challenges posed by the global economic crisis and competitive markets, the first-quarter results were testimony to sound management practices, he said, and “a reflection of our unwavering commitment to reach our 2011 target of being a top-10 global mobile operator”. Shedding a major chunk of its business would make that goal impossible, and since Al Barrak made that statement only a month ago, rumours of the sale may simply be untrue. In November, Zain Africa CEO Chris Gabriel said the company planned to be the acquisitor rather than the acquisition in an inevitable consolidation of telecoms players. He predicted that Africa’s 100-plus operators would eventually consolidate until a maximum of five survived. Zain’s commitment to Africa saw it launch a network in Ghana in December, and it plans to introduce financial services via cellphones in several countries this year. If a sell-off is under discussion, the French suitor could be Orange, the cellular offshoot of France Telecom. Orange is already active in 16 African countries, including Botswana, Madagascar, Kenya, Senegal and Uganda, and seems keen to expand its footprint. Last month Orange launched a pan-African advertising campaign to strengthen its brand, and in November it committed to supporting the roll-out of a submarine fibre-optic cable. The project would eventually link more than 20 West African countries to Europe. The 12000km ACE cable (Africa Coast to Europe), will begin in France and could end in SA.

Heard Orange is a frontrunner already?!

, and the winner goes to,

Typical nigerian government attitude. zain must be copycating our politics whereby military leaders turn democrazy leader just by replacing their khaki with agbada. Keep it up zain the cameleon.
I hope nothing happens to my line this time around

Typical nigerian government attitude. zain must be copycating our politics whereby military leaders turn democrazy leader just by replacing their khaki with agbada. Keep it up zain the cameleon.
I hope nothing happens to my line this time around

Craze don dey worry them all, confused network,

Lets watch out and se what they come up with this time.

ANFKM (Annoyance No Fit Kill Me)

Craze don dey worry them all, confused network,

Lets watch out and se what they come up with this time.

ANFKM (Annoyance No Fit Kill Me)

Craze don dey worry them all, confused network,

Lets watch out and se what they come up with this time.

ANFKM (Annoyance No Fit Kill Me)

Haba, make una no ves, na network palava here, didnt kwn it has been posted 3times

You see no be only Zain get wahala. even my Internet provider

I sure sey some pple go dey wonder weda me too don dey craze

Orange ke, No oh

Orange ke, No oh

Orange ke, No oh

i guess a clarification is necessary.
Zain is selling its entire African operation in 16 countries and this covers 65% of its customers.
so it is not a Zain Nigeria affair. the Nigerian board are handicapped unless they can come up with 12billion US dollars.
they obviously will not sell the Nigerian operation separately as it contributes 40.4% of the Zain Africa's subscriber base. if they remove Zain Nigeria, the worth of the African operations will be largely diluted.this is inspite of the ineptitude of the Nigerian board and management.
i personally doubt the intention to sell will go through.just my thoughts anyway.
to all those castigating Zain group, but for their massive injection of funds since their acquisition of Celtel, the Nigerian operation would have been struggled to gain the number of subs it has gained in the last 12 months.

i guess a clarification is necessary.
Zain is selling its entire African operation in 16 countries and this covers 65% of its customers.
so it is not a Zain Nigeria affair. the Nigerian board are handicapped unless they can come up with 12billion US dollars.
they obviously will not sell the Nigerian operation separately as it contributes 40.4% of the Zain Africa's subscriber base. if they remove Zain Nigeria, the worth of the African operations will be largely diluted.this is inspite of the ineptitude of the Nigerian board and management.
i personally doubt the intention to sell will go through.just my thoughts anyway.
to all those castigating Zain group, but for their massive injection of funds since their acquisition of Celtel, the Nigerian operation would have been struggled to gain the number of subs it has gained in the last 12 months.

from zainab, may be now it will be changed to afusat

from zainab, may be now it will be changed to afusat

from zainab, may be now it will be changed to afusat

they are not serious for all i care,

Whether they change to PDP or Yar'adull, it doesn't really matter. What matter is services. If the owner of the company feels there is a higher bidder,then no problem. Zain is not the worst network i have ever used. Infact, since their inception, they had more freebies than any other network.

:p :p :p :p :p :p :p :p :p :p :p :p

na obasanjo won buy and e go cum name am ( OBJ-IYABO TELECOM )

Am sure that after this sale, the new name will be CONFUSEtel with logo

i think its high time that company is rusticated out a company with no vision, mission enough is enough

i think its high time that company is rusticated out a company with no vision, mission enough is enough

We tin dey happen 2 dem sef? dat means the company needs deliverance frm ashawo spirit.